|
|
| Home > Banks
|
| |
Banks |
|
|
A Bank is a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home.A bank is a business that borrows from its customers on current accounts repayable to its customers` cheques and collects cheques for its customers` accounts. Banks may also issue bank notes, and lend money to customers on current account (called overdraft), accept term deposits and make term loans and provide other financial services. Banks that issue notes are called Banks of Issue
A bank is a business that borrows from its customers on current accounts repayable to its customers` cheques and collects cheques for its customers` accounts. Banks may also issue banknotes, and lend money to customers on current account (called overdraft), accept term deposits and make term loans and provide other financial services. Banks that issue notes are called Banks of Issue.
Currently in most jurisdictions the business of banking is regulated and banks require a licence. Banking licenses are granted by bank regulatory authorities and provide rights to conduct the most fundamental banking services such as accepting deposits and making loans. There are also financial institutions that provide certain banking services without meeting the legal definition of a bank, a so called non-banking financial company.
Traditionally, a bank generates profits from transaction fees on financial services and from the interest it charges for lending. In recent history, with historically low interest rates limiting banks` ability to earn money by lending deposited funds, much of a bank`s income is provided by overdraft fees and riskier investments.
The word bank is derived from the Italian banca, which is derived from a Germanic language and means bench. The terms bankrupt and "broke" are similarly derived from banca rotta, which refers to an out-of-business bank, having its bench physically broken. Money lenders in Northern Italy originally did business in open areas, or big open rooms, with each lender working from his own bench or table.
|
|
| Banks In Africa |
| During the same period the government of the South African Republic desired to create a local commercial bank, due to the discovery of gold in Barberton and the Witwatersrand. The government thus created a bank through a concession agreement. The task of the bank was to focus primarily one financial agricultural development, but a state mint was also established as part of the concession. |
| |
| Banks In Americas |
| Bank in America , headquartered in Charlotte, North Carolina , is the largest commercial bank in the United States measured in deposits (although Citigroup has higher assets worldwide), and the third-largest company in the world by the 2006 Forbes Global 2000. On 17 July 2006, Bank of America reported second quarter 2006 net income of $5.48 billion, surpassing that of Citigroup for the first time. |
| |
| Banks In Asia |
| Asia is the largest and most populous continent or region, depending on the definition. Established in 1939 as the Bank of Asia for Industry and Commerce by former prime minister Pridi Bhanomyong, the bank supported the expanding trading activities of the Euachukiarti family – one of its founders. |
| |
| Banks In Europe |
| Europe is one of the seven traditional continents of Earth; the term continent here referring to a cultural and political distinction, rather than a physiographic one, thus leading to various perspectives about Europe`s precise borders. |
| |
| Banks In Oceania |
| Oceania is a geographical, often geopolitical, region consisting of numerous lands mostly islands but usually including Australia—in the Pacific Ocean and vicinity. The Oceania ecozone includes all of Micronesia, Fiji, and all of Polynesia except New Zealand. New Zealand, along with New Guinea and nearby islands. |
| |
| |
| |
| |
| |
| |
| |
|
